Question 3: Choose "true" or "false" as applicable for the following items as they pertain to bonds issued at a discount.

a. On the date of issuance, the net book value of the bonds payable will be lower than face value.

b. Upon maturity, the net book value of the bonds payable will equal face value.

c. As the discount is amortized each interest period, additional interest expense will be recorded above and beyond contractual interest expense.

d. As the discount is amortized each interest period, the net book value of the bonds payable will decrease.

e. The amortization of the discount each interest period impacts the amount of cash paid each interest period.

f. The discount on bonds payable ledger account is a contra liability account.